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Markit’s Turkey manufacturing PMI rises considerably in March

by ChemOrbis Editorial Team -
  • 04/04/2017 (12:25)
According to data released by Markit Economics, Turkish manufacturing activities posted a noticeable improvement in March. It rose to a reading of 52.3 in March after posting a reading of 49.7 in the previous month. Any reading above 50 indicates expansion while any reading below 50 represents contraction.

The increase was attributed to the increase in production at the fastest rate of three years on the back of the rise in new orders at the strongest pace since December 2015. This rise in new orders led to an increase in output as well as manufacturing employment. Also, the increase in the volume of new business was the largest since December 2015. New export orders were up at the fastest pace since April 2014 while the rise in employment was the fastest since February 2015.
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